eVoost AI, a proptech startup headquartered in Abu Dhabi, has successfully closed a $2 million funding round to accelerate the development of its artificial intelligence platform. The investment was led by the Valencian venture capital fund First Drop, with significant participation from a syndicated fund linked to the Hub71 ecosystem, which is backed by Abu Dhabi’s sovereign wealth fund, Mubadala. The round also saw contributions from strategic investors in Romania and the United Arab Emirates, alongside various business angels from the regional tech scene.
Revolutionizing Real Estate With Demand-Driven AI
Founded in May 2024 by Cristian Pastrana and Koh Onozawa, eVoost AI aims to digitize the traditionally analog and fragmented residential retail sector. The company’s proprietary platform uses AI to identify real-time demand in the housing market, allowing developers to optimize sales and tailor property designs to specific client needs even before construction begins. By shifting the industry toward a data-governed model, eVoost AI addresses structural inefficiencies that often lead to a mismatch between what is built and what the market actually requires.
Accelerating Expansion Across MENA And Global Markets
The newly raised capital is earmarked for three primary strategic pillars: product technology enhancement, team growth, and international expansion. While already maintaining a presence in Abu Dhabi, Gijón, and Madrid, the startup plans to deepen its footprint in the UAE, Spain, and Portugal, while eyeing new store openings in the United States. eVoost AI currently supports more than $3.5 billion in real estate assets under commercial agreements, partnering with major global developers such as Danube Properties, Metrovacesa, and Saxum International.
Leveraging The Hub71 Ecosystem For Scale
Operating out of Abu Dhabi’s global tech ecosystem, Hub71, has provided eVoost AI with a strategic launchpad for the MENA region. The involvement of UAE-based angels and Hub71-linked funds underscores the growing importance of Abu Dhabi as a hub for proptech innovation. This institutional backing provides the startup with the necessary regulatory and financial infrastructure to scale its automation solutions across the Middle East’s rapidly growing real estate markets.
About eVoost AI
eVoost AI is a proptech and artificial intelligence company that specializes in smart systems for residential retail. By utilizing data and automation, the platform connects real estate developers with real-time market demand, streamlining the marketing and sales process for new homes. Headquartered in Abu Dhabi, the company operates across Europe, the United States, and the UAE, managing a multi-billion dollar portfolio of real estate assets.
Source: Expansión
